A recent press release announces that Glimpse, a specialty shopping search site focused on female fashion launched in April of this year, was just acquired by another startup, TheFind.com, for an unspecificed amount of money.
TheFind is a comparison shopping search engine that scours 190 million products from over 500,000 stores. In contrast with other broad-category shopping sites, TheFind rates products by user popularity instead of selling top search result spots to merchants.
A message from Frank Han, Glimpse’s founder, announces that the acquisition will allow Glimpse to offer a wider selection of brands on their website, including Juicy Couture, Hollister, Burberry, Ann Taylor, Abercrombie & Fitch, and J. Crew. In addition, a new search feature labeled MyFinds will be implemented that will purportedly streamline the site’s search process.
According to TechCrunch, Glimpse sold for a rumored price of under $100,000. Glimpse.com’s traffic has not been noteworthy since their launch. Although the amount Glimpse was initially funded for (by Greylock Partners and Redpoint Ventures) remains undisclosed, its safe to say that if the rumoured price is anywhere near accurate the investors involved decided to cut their losses on this one.
Based in Mountain View, TheFind launched last fall and recently was the recepient of additional funding from Bain Capital, Redpoint Ventures and Lightspeed Ventures to the tune of $15 million.